The pair is trading near a strong support level, remaining under pressure. The decline in risk appetite weighs on the euro. The dollar is supported by the more steady Treasury yields, which don’t seem to retreat yet.
Technical side:
The price is below the lower Bollinger band, below the …
Tuesday, March 2nd, today’s news—global markets are mixed after hitting several-month highs yesterday. Low commodity prices weigh on European stocks, dollar moves higher, new data indicate rising unemployment in Germany and Spain. The price of Brent oil is $63.59, WTI—$60.66, EUR/USD is at 1.2014, GBP/USD—1.3872, gold is $1,720.70 per ounce. …
#DUK
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition. The inclined channel of the descending pattern is broken.
Trading idea:
Buy when an ascending pattern 1-2-3 is formed above 88.04.
Stop Loss: 85.80;
Target levels: 90.00; …
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